ECB's Draghi: Reiterates that Euro Area economy is proving resilient this year; expands at moderate pace - comments in EU Parliament
- Difficult to predict the precise economic implications of the United Kingdom withdrawing from the EU.
- The euro area economy continues to expand at a moderate but steady pace, despite the adverse effects of global economic and political uncertainty. This gradual upward trend is expected to continue, not least owing to our monetary policy measures.
- One important lesson from the crisis is that a half-built house is not stable, it is fragile. Progress is thus needed in all the unions identified in the Five Presidents Report.